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diplomates. including united states ambassador chris stevens in benghazi, libya, in what officials believe was a terrorist attack designed to coincide with the anniversary of september 11th. and joining us dan henninger, mary anastasia o'grady and, with the anti-american protests across the arab world this week, tell us about our standing in that part of the world, and the ferment in arabia? >> well, i think, paul, what's happening here is where essentially we came in when the arab spring began in egy egypt, tunisia and spread to other countries and the feeling at that time that came out the united states couldn't really support any of these movements in the arab spring because quote unquote, we don't know who these people are, which is to say that the united states, and including the state department, just was not that engaged with these countries at that time. now, when you think of how, to what extent egypt or libya since these transitions have been in the news, it's been basically not at all on their own, and still a piece with the obama administration's policy on foreign policy, to lo
at this crisis? speak of the united state unites attacked september 11, 11 years ago, and united states attacked september 11 yesterday. what does that mean? the united states territories, the embassy, it was egypt and libya. were they coordinated attacks? when the president came out, as you rightly did, he should have followed that by saying these attacks are not going to be tolerated, we will hold the host governments responsible for this. some indication even in egypt there was advanced warning these attacks are coming which is why the americans had gotten out of that embassy. the president of the united states needs to say to those countries who will hold you responsible, have to protect our people, you have to have better protection of our people and if you don't do that we will reassess our relationship with you because if you don't stand strong right now, this is what happened to jimmy carter and why ronald reagan was elected. jimmy carter did not do something strong. he apologized, said let's try to negotiate and that is the kind of response i heard from president obama. dagen: did we ha
before about soaring oil prices and mitt romney and the plan to get the united states of america, energy independent by 2020. and the fact that the keystone pipeline locked by barack obama. off the coast of virginia, the obama administration is blocking the creation of new jobs and oil exploration, and the middle east and the strangle hold that the middle east has on our economy, will be a major issue in this election, and it's all about the economy. >> and it's all about the economy, and i want it know where we see mitt romney break out and take a convincing lead. and you said, incouple bent always lead at labor day, when does mitt romney jump out ahead. when? >> stuart, i think it's going to be a classic sweet 16 kind of final four matchup where you have an underdog, which clearly, any challenger, including mitt romney is an underdog that hits the three-point shot at the end and the grass roots win and we take our country back and that's how this is going to play out. >> i'm going to wait until october before i see a breakout. >> absolutely, and i did mix metaphors, basketball and foot
the state of the economy than any other government reports we're getting. ashley: united states is one of the world's most economically free countries. think again. the cato institute says the u.s. dropped from the top 10 to 18th on the list in its annual report. coauthor ian vasquez will be our special guest ahead to explain that. 18th in economic --. tracy: we were 10th last year. he has got to tell us what is going on. time for stocks as we do every 15 minutes. we head down to nicole petallides on the floor of the new york stock exchange. nicole we're down about eight points right now? >> right. the truth is yesterday we gave back about 40 points. wee had two weeks in a row about gains. fed stimulus and bond buying extending low rates. everyone seems to be taking a bit of a breather. right now the dow is down as are s&p and nasdaq as well, all to the downside. down .1 or .2 of a percent. we have winners like apple which obviously broke new records. fedex has come under pressure. fedex once again is warning about a tough global economy. so they came out with their numbers today. they
here in the united states of america. >> the problem with saying that these are good jobs is the facts don't seem to support it. some of of the jobs were temporary and paid for by the stimulus or perhaps census work or that sort of thing. so they did not last. and some of the jobs are not worth the jobs that we lost. a variety of studies say we lost more middle to upper income jobs an gained more lower level jobs. the simple truth is that the numbers may be technically correct in some of the claims, but when you look at all of the details, there is an awful lot more that needs to be seen. this is tom foreman, charlotte. >>> the b.t. founder bob johnson was not a fn of president obama four years ago, so what has actually changed? we will talk to him live in a moment. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. ♪ ♪ ♪ ♪ there's another way to help
back the president of the united states, is to? former new hampshire governor. well bin bernanke's announcement was about stimulating the economy, it was also about stimulating the president's poll numbers. the governor does not think that this will have the desired effect. governor, this is a fairly blatant move with little more than 50 days to go until the election. it really could have waited. why do you think it happened the way it did? >> i am not sure if it was overt or just the psychological pressure on the back that told him to do it now, but -- neil: why do it now? you would do that now? >> no. if he was going to do it he should have done it for five months ago. obviously it was not appropriate then. it is probably -- it is a problem now. look. what he has done is not a qe3. it is to the infinite. there is no timeframe. there is no limit to the amount. he just says, we are going to do 40 billion a month on mortgage-backed securities. then the next paragraph he says, and we might move to purchasing this is going to clobber, i believe, in the long run the dollar, and it is
of the united states redistributed more income than we have today. connell: let me stop you for one second -- >> -- that's why the economy is having so many problems. connell: and the reason is i want to explain the chart. brian gave us this chart to tell you what you are looking at. government spending percentage of the economy versus stocks, versus the dow. >> yep. connell: so the yellow line is stocks. do you see where it is going up there? going all the way back to the 60s. and the blue line is government spending. it tells you what, brian? >> yeah, it's very very clear, if you look at that chart. back when lbj, lyndon johnson became president in 1965, we passed the great society programs, government spending shot up, and the stock market went nowhere for 17 years. then ronald reagan came in and even bill clinton lowered and reduced spending as a share of gdp, and the stock market exploded, and now in the last decade, under president bush and then obama, government spending has shot up again. no wonder stocks have been flat for the past decade. connell: they have been for a long time.
tax rate. the united states have highest corporate tax rate in the industrialized world making us less competitive. we need to bring down the corporate tax rate to attract investors and different corporations as well. we have to simplify the corporate tax code. a lot of extra provisions that can be reduced to simplify and make corporate taxes and individual taxes easier. reducing the rate and simplifying the deductions is the key winning formula. dennis: as soon as we hear reduce the rate that will make some americans feel they are favoring corporations. do you guys want overall corporate tax revenue to go up to help balance the budget? >> corporations have a role to play in the economy and they should play commensurate with their earnings like everybody should pay in terms of how we are structured. in terms of lowering the corporate tax rate increases jobs and that helps americans. by lowering the corporate tax rate you help the economy and individual americans and that is the key to getting the economy started again. dennis: overall should there be an alternative minimum tax so every
's the best case scenario. >> does allow us to focus on the united states. >> exactly. >> we're probably doing better than any economy in the world. >> you're not trying to whistle past graveyards on that front, right? you're not trying to ignore europe. >> melissa mentioned the trading perspective. i think that the traders are saying, okay, now, what do we have here, and when we look at here, well, why don't we see with the steel industry, the auto industry. we focus -- the fill lebeau interview was incredibly important where allan mull ha ly says europe, we don't have it. the truth is united states has it. 14.5 million vehicles. that is a bull market in cars. >> right. >> we are talking about this upgrade today. sun trust, why is sun trust upgraded? i think that's very significant, not just because my trust owns it, but i'm looking at sun trust saying that is, again, the housing market in the south because the federal reserve didn't like sun trust. housing, autos, retail. what else do we need? >> right. >> well, we could use china to start growing a little bit faster instead of going the oth
is building an offshore oil well in a sea 90 miles off the north slope between the united states and russia. just the possibility of a disaster like the one in the gulf back in 2010 has people in alaska very concerned. alison kosik is at the new york stock exchange. this project has been in the work for six years now? >> there has been. there's even been a two-year delay for more safety testing because of the bp disaster that happened in the gulf of mexico. i want to give you an idea just what this project looks like. this is the animation from shell oil of the site we're talking about. what's happened here is the obama administration, it gave the go ahead to start what it calls limited preparatory activities. that includes installing a blowout preventer. we all learned that term two years ago when pb's blowout preventer failed in the gulf of mexico and launched the biggest oil disaster. that prompted a moratorium on all offshore drilling on new projects. the u.s. geological survey estimates we may be able to get more than 90 billion barrels of oil, carol, from this part of the world. that'
to remember is that the united states went through a period where there was a sharp contraction through government. i am talking about the end of world war ii. since we have this. brief and cutbacks in government spending, the recession was painful but very brief and then we entered into a period of prolonged prosperity. we can't afford deep cutbacks and spending. we cannot afford very big increases by taxation. gerri: big increases by taxation. will that create another recession? there are lots of signs that we are going there already. >> that is true. we had indications of a worsening of business activity in europe and china. this is beginning to hurt u.s. exports. u.s. consumers and businesses, themselves, are shying away from major expenditures, especially business in terms of capital spending until fiscal cliff uncertainties are resolved. we are not going to resolve those uncertainties until we get the election out of the way. that is why these upcoming presidential debates and october will be of the utmost importance and they very much they have the power to move financial markets
you can raise a family on, good jobs right here in the united states of america. >> the problem with saying that these are good jobs is the facts just don't seem to support it. some of the jobs are temporary paid for by the stimulus or perhaps census work, that sort of thing, so they didn't really last. and some jobs weren't worth the jobs we lost. we lost middle and upper income jobs and we've gained more lower income jobs. while the numbers may be technically correct in some of these claims, when you look at all the details, there's an awful lot more that needs to be seen. this is tom foreman, charlotte. >>> prime time continues at 7:00 with wolf blitzer and anderson cooper. >>> embarrassed and concerned? that's what the commander of the navy s.e.a.l.s wrote to troops after release of the book "no easy day." the book wrote by former navy s.e.a.l. has classic information about the osama bin laden raid and s.e.a.l. training. the book is already a hit, outselling "50 shades of grey." the part of the controversy is the s.e.a.l. is even writing about his work. they're normally very
the united states will avoid the fiscal cliff. peter has more on this in washington. >> the package of tax breaks would not avoid the fiscal cliff, but the usual grab bag of so-called tax extensions that congress approves pretty much every year, big ones like patching the al ten -- alalternative minimum tax, but thanks to big time lobbyists and lawmakers from both parties who want to help companies back home, there are plenty of special interest tax breaks in the package, $78 million, for example, for auto racetrack owners for faster writeoffs of investments, and $248 million for movie and tv studios to keep production in the u.s. when other countries over deals, and deals for electric powered motorcycles to encourage energy goals. they justify all of them, of course, and it's hard to get rid of them. >> only right before an election, last thing members of congress want to do is talk about eliminating tax breaks that others claim help create jobs. >> get this, supporters claim they did get rid of some breaks, 21 provisions including that notorious tax credit for electric golf carts. the pa
.s. universities, over 40 universities in the united states and we've created over 20 companies to date and hundreds of jobs in those companies. >> a lot of people believe in this charged election season that business and the government can't work together, can't collaborate. i assume that this is an example that you would say belies that premise. >> we absolutely agree that the government and private equity can work together. there are many challenges that the dod is facing and they're coming up with solutions, technical solutions to that in cyber security, in wireless communications. those things have direct applications to the commercial marketplace and we can create companies around those and go to market here in the u.s. with them. >> give me some examples where in the past, defense oriented technologies or defense developed technologies have become a successful private market products and tell me as you think about this intellectual property that the government owns, what do you think has the most promise now for the next gen products? >> dod labs had had long been a rich source o
with the lowest unemployment rate in the united states. find out who it is and how he's doing it in a fox business exclusive. but back to this market that cannot decide whether to be up or down, let's get to the floor show right now. traders at the new york stock exchange, cme group and the nymex. it looks like a washout from the new york stock exchange, crossing 80 times the flat line, does what happens at the closing bell really matter today, versus how we trade on monday or in advance of what the fed does? >> well, it's an excellent point where you're unrscoring is the quandary that traders are in right now. they want to take it higher based upon central planning and central bank action, but then they pull away and they see notes like we got on intel today, and they worry about the fundamentals and the fundamentals actually support the equity prices up here. i think we'll probably run into the close and say a little flat. we will get the numbers here in about half hour. we can take a look at those now. they will truly come down to next thursday and what chairman bernanke has to say. the general
colorado is remax ceo margaret kelly. we see their signs all over the united states. margaret, you would be the perfect person where we could check the temperature gauge. but the question that we ask is the most often-asked question, and that is, have we finally bottomed out because it matters to people who are looking to buy, to sell -- to buy, to sell, to refie, or to invest? -- to re-fi or to invest? >> you are exactly right. yes, i really do think we have bottomed out. the good numbers are for 14 months in a row we have had more sales each month for 14 months and the prices have gone up for the last 7 months. those are all great signs for us. in january i was cautiously optimistic. now i'm optimistic. liz: now we are going into the fall season. i never can figure out with you guys. oh the spring is the buying season. the fall is selling season. what is it as we head into fall? >> usually what happens, families like to move in the summer and they like to get their kids in by fall for school, and so usually fall into probably the first of the year, things start to taper off. so if it d
Search Results 0 to 21 of about 22 (some duplicates have been removed)